807 S Oak Ave, Fort Meade, FL 33841
3 beds · 2 baths · 1,050 sqft
Under contract-accepting backup offers. PRICE REDUCED!!! Welcome to your new dream home at 807 S Oak Ave, Fort Meade, FL! Nestled within the picturesque heart of Fort Meade, this charming home has been thoughtfully renovated to encapsulate modern living while retaining its classic charm. As you step inside, you're greeted by a spacious interior that spans an impressive square footage, offering ample room for family, friends, and unforgettable gatherings. The house boasts three well-appointed bedrooms, providing a peaceful retreat fo every member of the family. The 1.5 bathrooms have been cleverly designed to streamline morning routines, featuring top-of-the-line fixtures that add a touch of luxury to daily life. The extensive renovations undertaken in 2020 have transformed the property into a contemporary haven. Amongst the many upgrades, the installation of a new roof in 2024 stands out, promising peace of mind for years to come. The large fenced-in backyard serves as a private oasis, perfect for outdoor entertaining, gardening, or simply soaking up the Florida sun. Situated in a serene and friendly neighborhood, residents have convenient access to local amenities, dining options, and top-notch schools, making it an ideal setting for families and professionals alike. Included in the home are modern stainless steel appliances that blend seamlessly with the home's aesthetics, ensuring you have everything you need from the get-go. This property is more than just a house; it's a place to build memories, a foundation for dreams to grow. Don't miss the opportunity to make 807 S Oak your forever home.
Source: STELLAR #p4929652
Source: STELLAR #p4929652
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #p4929652